SOURCE: Searchlight Minerals Corp.

Searchlight Minerals Corp.

November 30, 2009 09:00 ET

Searchlight Minerals Corp. to Host Annual Shareholders Meeting on December 15, 2009

HENDERSON, NV--(Marketwire - November 30, 2009) - Searchlight Minerals Corp. (OTCBB: SRCH) ("Searchlight" or the "Company"), an exploration stage minerals company focused on precious metals projects in the southwestern United States, today extended an invitation to shareholders to attend the Company's Annual Shareholders Meeting on December 15, 2009.

The Annual Shareholders Meeting will be held at 8:30 a.m. MST at the Sheraton Crescent Hotel in Phoenix, Arizona. The hotel is located at 2620 West Dunlap Avenue, near the intersection of Interstate 17 and West Dunlap Avenue in Phoenix.

Following the Annual Shareholders Meeting, the Company will provide bus transportation for a tour of the Clarkdale Slag Project in Clarkdale, Arizona. Shareholders who elect to participate in the tour will be returned to the Sheraton Crescent Hotel at approximately 4:00 p.m. MST the same day.

Shareholders who would like to participate in the Clarkdale tour should contact Rachel Hunt at Searchlight Minerals Corp. at (702) 939-5245 or via email at rhunt@searchlightminerals.com no later than December 7, 2009, to reserve a seat on the bus.

The Company has arranged for shareholders to obtain hotel rooms at the Sheraton at a rate of $95.00 (plus tax), subject to availability. Those wishing to reserve hotel rooms should contact the Sheraton directly at (602) 943-8200.

Projected temperatures for the Phoenix area in mid-December approximate 67 degrees during the day and 45 degrees in the evening. Projected daytime temperatures for Clarkdale approximate 52 degrees.

About Searchlight Minerals Corp.

Searchlight Minerals Corp. is a minerals exploration company focused on the acquisition and development of projects in the southwestern United States. The Company is currently involved in two projects: (1) the Clarkdale Slag Project, located in Clarkdale, Arizona, is a reclamation project to recover precious and base metals from the reprocessing of slag produced from the smelting of copper ores mined at the United Verde Copper Mine in Jerome, Arizona; and (2) the Searchlight Gold Project, which involves exploration for precious metals on mining claims near Searchlight, Nevada. The Clarkdale Project is the more advanced of two ongoing projects that the Company is pursuing. The Searchlight Gold Project is an early-stage gold exploration endeavor on 3,200 acres located approximately 50 miles south of Las Vegas, Nevada.

Searchlight Minerals Corp. is headquartered in Henderson, Nevada, and its common stock is listed on the OTC Bulletin Board under the symbol "SRCH." Additional information is available on the Company's website at www.searchlightminerals.com and in the Company's filings with the U.S. Securities and Exchange Commission.

Forward-Looking Statements

This Press Release may contain, in addition to historical information, forward-looking statements. Statements in this Press Release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" in the Company's periodic filings with the Commission. When used in this Press Release in discussing the private placement, the amendments to the warrants or the Company's ongoing projects, including, without limitation, the manner in which the Company intends to use of proceeds of the private placement and the filing of a post-effective amendment to the registration statement, the words such as "intend," "believe," "could," "may," "expect" and similar expressions are forward-looking statements. The risk factors that could cause actual results to differ from these forward-looking statements include, but are not restricted to changes in the Company's business strategy, the Company's response to competitive pressures, the Company's limited operating history, uncertainties about the availability of additional financing, geological or mechanical difficulties affecting the Company's planned mineral recovery programs, the risk that actual capital costs, operating costs and economic returns may differ significantly from the Company's estimates, uncertainty whether the results from the Company's feasibility studies and the results from the operation of the production module are not sufficiently positive for the Company to proceed with the construction of its processing facility, operational risk, the impact of governmental and environmental regulation, financial risk, currency risk volatility in the prices of precious metals and other statements that are not historical facts as disclosed under the heading "Risk Factors" in the Company's periodic filings with securities regulators in the United States. Consequently, risk factors including, but not limited to the aforementioned, may result in significant delays to the projected or anticipated production target dates.

Contact Information

  • Contact Information:
    Rachel Hunt
    (702) 939-5245
    Email Contact

    or

    RJ Falkner & Company, Inc.
    Investor Relations Counsel
    (800) 377-9893
    Email Contact